Parallel Advisors LLC trimmed its stake in shares of Amphenol Co. (NYSE:APH – Free Report) by 11.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,127 shares of the electronics maker’s stock after selling 961 shares during the quarter. Parallel Advisors LLC’s holdings in Amphenol were worth $582,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of APH. Vontobel Holding Ltd. grew its stake in Amphenol by 8.2% during the 1st quarter. Vontobel Holding Ltd. now owns 13,325 shares of the electronics maker’s stock worth $1,022,000 after purchasing an additional 1,006 shares in the last quarter. Sei Investments Co. grew its stake in Amphenol by 4.0% during the 1st quarter. Sei Investments Co. now owns 168,360 shares of the electronics maker’s stock worth $12,716,000 after purchasing an additional 6,405 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Amphenol by 56.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 264,188 shares of the electronics maker’s stock worth $19,906,000 after purchasing an additional 95,613 shares in the last quarter. Prudential PLC acquired a new position in Amphenol during the 1st quarter worth $857,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Amphenol during the 1st quarter worth $245,000. 94.93% of the stock is owned by institutional investors and hedge funds.
Amphenol Stock Up 0.2 %
Amphenol stock opened at $85.72 on Friday. Amphenol Co. has a fifty-two week low of $63.17 and a fifty-two week high of $85.89. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.77 and a current ratio of 2.64. The company has a market capitalization of $51.03 billion, a P/E ratio of 27.74, a PEG ratio of 3.50 and a beta of 1.25. The stock has a 50-day simple moving average of $79.23 and a 200-day simple moving average of $78.66.
Amphenol Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Shareholders of record on Tuesday, June 20th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Friday, June 16th. Amphenol’s dividend payout ratio is presently 27.18%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Bank of America upped their price objective on Amphenol from $82.00 to $90.00 in a research report on Friday, June 23rd. Robert W. Baird lowered their price objective on Amphenol from $91.00 to $87.00 in a research report on Thursday, April 27th. Credit Suisse Group cut Amphenol from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $91.00 to $77.00 in a research report on Thursday, May 18th. Finally, StockNews.com raised Amphenol from a “hold” rating to a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and a consensus target price of $88.86.
Insider Buying and Selling at Amphenol
In other Amphenol news, insider Jean-Luc Gavelle sold 184,100 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $74.67, for a total transaction of $13,746,747.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.22% of the stock is owned by company insiders.
About Amphenol
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.
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